Deutsche Bank Sees Bitcoin Returning to $28,000 by Year-End
— Rate, Bank, Token, Stocks, Returning, Deutsche, Yearend, Trading, Riskoff, Sees — 1 min read
Deutsche Bank analysis suggests Bitcoin could reach $28,000 by the end of the year. The world’s largest digital token has slumped in November amid a risk-off mood driven by rate hikes and inflation fears. The analysis by Marion Laboure and Galina Pozdnyakova suggests a more-than 30% rally from the coin's Wednesday trading level of around $20,000. Bitcoin is currently trading at less than half its November peak, though even that price-point leaves the token trading at around $30,000 per day. Bitcoin, the world's biggest digital token, is trading at about $50,000 a day below its Wednesday price point of $100,000 in November. It has slumped Source